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CLUSTA

Active
Non-profit associationfounded 1995active for 31 yearsTechnologiepark-Zwijnaarde 48, 9052 Gent, BelgiumKBO/BCE: BE 0454.806.769

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 1 November 2026.

Annual accounts 2023 filed on 25-06-2024 PDF all 9 filings

Turnover
≈ €540,000
Estimated: probably between €450,000 and €950,000
Total assets
€653,115▼ 3.2%
2022 · €674,587
Net result
€1,242▼ 73.2%
2022 · €4,638
Working capital
€510,243▲ 0.6%
2022 · €507,320
Trend over the years

2019 to 2023, 5 financial years 2018 to 2023, 6 financial years

The operating result for 2023 is 94% lower than in 2022.

Operating result€296 2023 Net result€1,242 2023

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line201820192020202120222023
Operating result€2,316-€419▼ 81.9%-€49,228€878€5,270▲ 500%€296▼ 94.4%
Net result€799-€400▼ 49.9%-€49,858below the sector's middle half€187below the sector's middle half€4,638within the sector's middle half▲ 25×€1,242below the sector's middle half▼ 73.2%
Equity€535,748-€536,149▲ 0.1%€486,290above the sector's middle half▼ 9.3%€486,477above the sector's middle half=€491,114above the sector's middle half▲ 1.0%€492,356above the sector's middle half▲ 0.3%
Total assets€751,279-€790,202▲ 5.2%€565,538above the sector's middle half▼ 28.4%€588,708above the sector's middle half▲ 4.1%€674,587above the sector's middle half▲ 14.6%€653,115above the sector's middle half▼ 3.2%
Debt€190,531-€229,053▲ 20.2%€54,248▼ 76.3%€77,231▲ 42.4%€158,472▲ 105%€135,758▼ 14.3%
Working capital€677,480-€701,155▲ 3.5%€497,115above the sector's middle half▼ 29.1%€501,785above the sector's middle half▲ 0.9%€507,320above the sector's middle half▲ 1.1%€510,243above the sector's middle half▲ 0.6%
Solvency71.3%-67.8%▼ 3.5pp86.0%above the sector's middle half▲ 18.1pp82.6%above the sector's middle half▼ 3.4pp72.8%within the sector's middle half▼ 9.8pp75.4%within the sector's middle half▲ 2.6pp
Current ratio12.22-11.31▼ 0.9210.78above the sector's middle half▼ 0.537.81above the sector's middle half▼ 2.974.20within the sector's middle half▼ 3.604.76above the sector's middle half▲ 0.56
Return on assets (ROA)0.1%-0.1%▼ 0.1pp-8.8%below the sector's middle half▼ 8.9pp0.0%below the sector's middle half▲ 8.8pp0.7%below the sector's middle half▲ 0.7pp0.2%below the sector's middle half▼ 0.5pp
Staff (FTE)3-3.6▲ 20.0%2.9above the sector's middle half▼ 19.4%2▼ 31.0%2=2=
above within below The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €653,115
Fixed assets €7,114 ▼ 19.1%
Current assets €646,001 ▼ 3.0%
Equity and liabilities €653,115
Equity €492,356 ▲ 0.3%
Provisions €25,000 =
Debt €135,758 ▼ 14.3%
Debt's share of the balance-sheet total falls from 23.5% to 20.8%. Equity is higher and debt is lower.
Key figures and ratios
2023 value · change against 2022
EBITDA
€6,093▼
2022 · €9,667
Cash flow
€7,039▼
2022 · €9,035
Debt to equity
0.28▼
2022 · 0.32
ROE
0.3%▼
2022 · 0.9%
Interest coverage
10.15▼
2022 · 13.46
Debt ≤ 1 year
€135,758▼
2022 · €158,472
Staff costs
€369,898▲
2022 · €327,916
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as CLUSTA: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €555,000 and €731,000, founded between 1989 and 1997.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
CLUSTA Gent1995€653,115€492,356€381,133€1,242-2023
MYRON SERVICES Nazareth-De Pinte1989€649,447€593,109€374,947€220,049-2025
A2Z - CONSULTING Ittre1997€653,262€20,225€404,148-€67,601-2025
CertUp Sint-Jans-Molenbeek1993€731,371€51,335€366,510-€104,8154.32025
StartLAB.BRUSSELS Etterbeek1992€719,130€474,185€358,094€25,39652025
WEST TECHNOLOGIES Herentals1996€554,526€417,250€385,764€115,550-2025
DEHAN Lo-Reninge1992€707,519€401,858€337,914€280,286-2025

They were chosen from the 54,698 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Subsidies and aid

Flemish government

2022 to 2025 · 7 entries · €288,766 awarded · €288,766 paid
Year Entries AwardedPaid
2025 3 €0€88,391
2024 1 €94,636€92,774
2023 2 €188,430€101,901
2022 1 €5,700€5,700
Schemes
3 entries · €183,066 · €183,066 paid · Departement Onderwijs en Vorming
3 entries · €100,000 · €100,000 paid · Fonds voor Innoveren en Ondernemen
1 entry · €5,700 · €5,700 paid · Departement Werk en Sociale Economie
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 39 lines

Source: Annual accounts 2023 (PDF), filed on 25-06-2024.

Balance sheet Code20222023
Assets
Total assets20/58€674,587€653,115▼
Fixed assets21/28€8,795€7,114▼
Tangible fixed assets22/27€8,795€7,114▼
Plant, machinery and equipment23€8,795€4,397▼
Furniture and vehicles24-€2,716
Current assets29/58€665,792€646,001▼
Amounts receivable within one year40/41€290,470€154,503▼
Trade receivables40€181,797€7,541▼
Other amounts receivable41€108,673€146,962▲
Cash at bank and in hand54/58€375,322€491,498▲
Equity and liabilities
Total equity and liabilities10/49€674,587€653,115▼
Equity10/15€491,114€492,356▲
Reserves13€491,114€492,356▲
Provisions and deferred taxes16€25,000€25,000=
Provisions for liabilities and charges160/5€25,000€25,000=
Pensions and similar obligations160-€25,000
Other liabilities and charges164/5€25,000-
Amounts payable17/49€158,472€135,758▼
Amounts payable within one year42/48€158,472€135,758▼
Trade debts44€116,029€12,332▼
Suppliers440/4€116,029€12,332▼
Taxes, remuneration and social security45€42,443€44,525▲
Taxes450/3€3,612-
Remuneration and social security454/9€38,831€44,525▲
Income statement Code20222023
Remuneration, social security and pensions62€327,916€369,898▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,397€5,797▲
Other operating charges640/8€256€5,142▲
Non-recurring operating charges66A-€3,005-
Gross operating margin9900€334,834€381,133▲
Operating profit (loss)9901€5,270€296▼
Financial income75/76B€85€1,546▲
Recurring financial income75€85€1,546▲
Financial charges65/66B€718€600▼
Recurring financial charges65€718€600▼
Profit (loss) for the period before taxes9903€4,638€1,242▼
Profit (loss) for the period9904€4,638€1,242▼
Profit (loss) for the period to be appropriated9905€4,638€1,242▼
Appropriation of the result
Profit (loss) to be appropriated9906€4,638€1,242▼
Addition to contributions691€4,638€1,242▼

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line201820192020202120222023Change
Remuneration, social security and pensions62---€312,583€327,916€369,898▲ 12.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,878€10,493€10,960€4,397€4,397€5,797▲ 31.8%
Other operating charges640/8---€1,412€256€5,142▲ 20×
Non-recurring operating charges66A-----€3,005--
Gross operating margin9900€361,600€408,006€331,397€319,270€334,834€381,133▲ 13.8%
Operating profit (loss)9901€2,316€419-€49,228€878€5,270€296▼ 94.4%
Financial income75/76B----€85€1,546▲ 18×
Recurring financial income75€0€84€2-€85€1,546▲ 18×
Financial charges65/66B---€691€718€600▼ 16.4%
Recurring financial charges65€1,516€103€632€691€718€600▼ 16.4%
Profit (loss) for the period before taxes9903€799€400-€49,858€187€4,638€1,242▼ 73.2%
Profit (loss) for the period9904€799€400-€49,858€187€4,638€1,242▼ 73.2%
Profit (loss) for the period to be appropriated9905€799€400-€49,858€187€4,638€1,242▼ 73.2%
Line201820192020202120222023Change
Assets
Total assets20/58€751,279€790,202€565,538€588,708€674,587€653,115▼ 3.2%
Fixed assets21/28€13,441€21,021€17,589€13,192€8,795€7,114▼ 19.1%
Tangible fixed assets22/27€13,441€21,021€17,589€13,192€8,795€7,114▼ 19.1%
Plant, machinery and equipment23----€8,795€4,397▼ 50.0%
Furniture and vehicles24---€13,192-€2,716-
Current assets29/58€737,838€769,181€547,949€575,516€665,792€646,001▼ 3.0%
Amounts receivable within one year40/41€61,731€58,010€55,450€96,508€290,470€154,503▼ 46.8%
Trade receivables40---€57,119€181,797€7,541▼ 95.9%
Other amounts receivable41---€39,389€108,673€146,962▲ 35.2%
Current investments50/53€53,528€53,611€53,611€53,611---
Cash at bank and in hand54/58€622,579€657,560€438,888€425,252€375,322€491,498▲ 31.0%
Deferred charges and accrued income490/1---€145---
Equity and liabilities
Total equity and liabilities10/49€751,279€790,202€565,538€588,708€674,587€653,115▼ 3.2%
Equity10/15€535,748€536,149€486,290€486,477€491,114€492,356▲ 0.3%
Reserves13---€486,477€491,114€492,356▲ 0.3%
Profit (loss) carried forward14-€12,624-€12,224-----
Provisions and deferred taxes16€25,000€25,000€25,000€25,000€25,000€25,000=
Provisions for liabilities and charges160/5---€25,000€25,000€25,000=
Pensions and similar obligations160-----€25,000-
Other liabilities and charges164/5---€25,000€25,000--
Amounts payable17/49€190,531€229,053€54,248€77,231€158,472€135,758▼ 14.3%
Amounts payable within one year42/48€60,358€68,026€50,834€73,731€158,472€135,758▼ 14.3%
Trade debts44€5,097€5,788-€15,589€116,029€12,332▼ 89.4%
Suppliers440/4---€15,589€116,029€12,332▼ 89.4%
Taxes, remuneration and social security45---€39,940€42,443€44,525▲ 4.9%
Taxes450/3---€7,634€3,612--
Remuneration and social security454/9---€32,306€38,831€44,525▲ 14.7%
Accrued charges and deferred income492/3---€3,500---
Line201820192020202120222023Change
Profit (loss) for the period9904€799€400-€49,858€187€4,638€1,242▼ 73.2%
+ Depreciation and write-downs630€6,878€10,493€10,960€4,397€4,397€5,797▲ 31.8%
Operating cash flow (approximation)€7,677€10,893-€38,898€4,584€9,035€7,039▼ 22.1%
Investment in fixed assets (approximation)--€18,073-€7,528€0€0-€4,116-
Change in cash-€34,981-€218,672-€13,636-€49,930€116,176-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (9)
Financial year Type Filed Reference Document
31-12-2023 micro format 25-06-2024 2024-00158676 PDF
31-12-2022 micro format 06-06-2023 2023-00108292 PDF
31-12-2021 micro format 10-06-2022 2022-20055160 PDF
31-12-2020 micro format 25-06-2021 2021-24600531 PDF
31-12-2019 abbreviated format 17-06-2020 2020-17500298 PDF
31-12-2018 abbreviated format 26-06-2019 2019-23400388 PDF
31-12-2017 abbreviated format 21-06-2018 2018-21800006 PDF
31-12-2016 abbreviated format 14-06-2017 2017-17700229 PDF
31-12-2015 abbreviated format 23-06-2016 2016-22000263 PDF

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